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42 coal mines auctioned till date for commercial mining: Government 2022/02/12 10:21:01 Economic Times India
The government on Saturday said that a total of 42 coal blocks have been auctioned till date for commercial mining. Of the said blocks, 10 coal mines were auctioned this week under the third tranche, the coal ministry said in a statement. "Under the commercial coal mining auction process, a total of 42 coal mines, including mines auctioned in tranche-3, have been successfully auctioned till date with a total cumulative PRC (peak rate capacity) of 86.404 million tonnes per annum (MTPA)," the statement said. The 10 blocks sold this week are projected to generate an annual revenue of Rs 2,858.20 crore, the ministry said. The "annual revenue projected (is) based on the PRC (peak rate capacity) of mine", the ministry said. On the first day of the auction, five blocks were sold. Dalmia Cement Bharat Ltd had emerged as the highest bidder for two coal blocks in Jharkhand. While Mahanadi Mines and Minerals emerged as the highest bidder for a coal block in Odisha, Yazdani Steel And Power was the highest bidder for another coal mine in the eastern state, the coal ministry had said in a statement on Tuesday.
42 coal mines auctioned till date for commercial mining: Government 2022/02/12 10:21:01 Economic Times India
The government on Saturday said that a total of 42 coal blocks have been auctioned till date for commercial mining. Of the said blocks, 10 coal mines were auctioned this week under the third tranche, the coal ministry said in a statement. "Under the commercial coal mining auction process, a total of 42 coal mines, including mines auctioned in tranche-3, have been successfully auctioned till date with a total cumulative PRC (peak rate capacity) of 86.404 million tonnes per annum (MTPA)," the statement said. The 10 blocks sold this week are projected to generate an annual revenue of Rs 2,858.20 crore, the ministry said. The "annual revenue projected (is) based on the PRC (peak rate capacity) of mine", the ministry said. On the first day of the auction, five blocks were sold. Dalmia Cement Bharat Ltd had emerged as the highest bidder for two coal blocks in Jharkhand. While Mahanadi Mines and Minerals emerged as the highest bidder for a coal block in Odisha, Yazdani Steel And Power was the highest bidder for another coal mine in the eastern state, the coal ministry had said in a statement on Tuesday.